Maruti Suzuki India faces setback with draft assessment order for pending dues, stock down by almost 2%

Today in the trading arena, Maruti Suzuki India encountered a challenging start, opening lower and currently displaying a decline of 1.88% at Rs 10,152, a notable decrease from its previous closing mark of Rs 10,346.90.

Reason behind Maruti Suzuki India’s downfall –

The dip in the stock’s value follows the issuance of a draft assessment order by the Income Tax department, revealing outstanding dues of ₹2,160 crore for the financial year 2019-20.

This development has cast a shadow over Maruti Suzuki India, prompting market scrutiny and investor concern.